Did you know 70 percent of cyberattacks target smaller businesses, resulting in a data breach and stolen data? And 60 percent of hacked small businesses go out of business after six months. It pays to know the six signs of an impending data breach.
1. You don’t have IT help and robust security software. First, subscribe to security applications such as those provided by McAfee or Norton. They’re inexpensive and run constantly in the background, checking for viruses, infected websites, malware and more. You also need a consultant to audit your risks, install software, monitor activity and ensure updates and patches are installed. You need both: good security software AND IT help.
2. Your employees aren’t trained in detection. We know not to click on that link from the Nigerian prince offering us millions, but what about links or attachments in emails that look OK? Bring in your IT consultant a couple of times a year to train employees on the latest threats and how to detect them.
4. Your turnover is high. Disgruntled employees sometimes take sensitive data with them, whether accidentally or purposely. They also know your passwords. Careful hiring and employee satisfaction help eliminate this weak link to cyber security. Be sure to change all shared passwords when an employee leaves.
5. Computers or operating systems are old. The older your operating system, the more vulnerable you are. The fix? Instruct your IT help to ensure all computers run the most recent versions of Windows or iOS, and updates are uploaded, pronto.
6. You have no system for securing data. When you handle personal financial information, it must be secured. Train employees on compliance and proper safeguards, such as never leave the computer program open when you walk away, or a customer could see someone else’s information.
Your protection, however robust, may not be adequate. That’s why you need a plan for when (not if) a breach occurs. We’ll provide this information next month.
Did you know that The Booksellers Insurance includes cyber liability in your insurance package? Learn more.